Current Events > Gas situation is very manipulated as usual

(+) Yeah! (+)

No actual shortages and yet it is nearing record highs. And if were cut off from Russia (which is only 7% of the us oil imports) well easily see records being broken in no time. fuck speculation!

I do wonder how prices are determined

I remember it being tied to the cost of crude but that it should also lag at least a month for refinement before the more expensive product lands

The "inflation' in general in America right now is fake.

Prices go up when panic goes up.

The local national gas producers do want to sell gas in USA, but are cockblocked from doing so.

Unsugarized_Foo posted...

I do wonder how prices are determined

I remember it being tied to the cost of crude but that it should also lag at least a month for refinement before the more expensive product lands

I remember back in 2012 or whenever the talking heads kept mentioning the prices were "speculation" based off the cost of crude at the time. So really it seems like it's based off nothing as long as they can hand wave it due to market sentiment.

[LFAQs-redacted-quote]

This, I think it was April or May when they planned on upping production. I guess we all should have just drove around aimlessly at the start of the pandemic.

Unsugarized_Foo posted...

I do wonder how prices are determined

I remember it being tied to the cost of crude but that it should also lag at least a month for refinement before the more expensive product lands

There isnt really any kind of delay any more with the way that investors will invest based on what the future price might be. For instance, if something happens that will lead to an oil shortage years from now, investors will start buying and betting like crazy to take advantage of it and youll see oil prices go up overnight.

yeah it's all bullshit

fake inflation

Duh

This is what happens when Regulations have been stripped, demeaned and lost almost any importance in regards to fair prices for consumers. You can thank Reagan mostly and Clinton for sticking the fork in this generations prospects to have a fair economy. Also shout out to Bush who oddly enough raised the gas prices and never looked back.

It's made up

Just like money